Azoria Capital, a pro‑Trump investment firm, is pushing the Federal Reserve to release a transcript of this week’s closed-door meeting, where the Federal Open Market Committee (FOMC) opted not to lower interest rates.
The firm initially sought a temporary restraining order to force public access to the meeting, but a federal judge denied the request, ruling the FOMC is not covered by the Government in the Sunshine Act. However, the Fed’s counsel confirmed the meeting was held jointly with the Board of Governors, a federal agency subject to the Act’s transparency requirements.
In response, Azoria’s lawyers at conservative firm Lex Politica sent a letter to Fed Chair Jerome Powell and the Board demanding immediate disclosure of the vote to close the meeting and release of the meeting transcript.
“Azoria is hopeful that the Board will comply with its request for transparency and compliance with federal law, both in the context of the just‑concluded July 29–30 meeting, and into the future,” the letter states.
Currently, the Federal Reserve withholds full transcripts for five years, meaning, unless the Fed acts, the public would not see this meeting’s details until 2030. Azoria warned it is prepared to pursue injunctive relief, including through its pending lawsuit in U.S. District Court for the District of Columbia.
